Greystone, a New York-based real estate development and financial services company, has acquired a major interest in 130 7th Avenue South.
The completed property will include full-floor condominiums — approximately 2,500 s/f in size — in the West Village.
The project will be developed as a joint venture with Continental Ventures and Itzhaki Acquisitions.
Situated above a full floor of retail space with 85 feet of frontage along 7th Avenue South, the residences will feature private elevator entrances.
Located in the Greenwich Village Historic District between West 10th Street and Charles St., the location offers residents close proximity to transportation options, and is nestled amongst popular West Village eateries, shops and lifestyle brand outposts.
“We are thrilled for the opportunity to transform this unique property into a boutique collection of residences that will truly exemplify West Village living,” said Jeffrey Simpson, head of Greystone Property Development.
“With the addition of prime retail space along 7th Avenue South, the new building and its residences will be the centerpiece of this rapidly developing corridor in Manhattan.”
“We are excited about the joint venture of Continental Ventures, Greystone and Itzhaki Acquisitions and the opportunity to create a building that will weave together the historic Greenwich Village neighborhood,” stated Jane Gol, President of Continental Ventures.
“This development will expand the unique high quality character of residential and retail in the West Village.”
The Greystone Property Development team is currently working on a number of projects in prime locations within Manhattan, the outer NYC boroughs and Miami.